What will this insurance cover?
Expenses incurred by the organization to mitigate losses related to a data breach
Incident response costs•
Communication with affected stakeholders•
Data restoration costs•
Business losses & interruptions due to data breach
Expenses incurred by the organization to defend liability claims, penalties, fines
Legal fees and regulatory fines•
Cyber crime costs
Financial losses resulting directly from a criminal activity
Social engineering (*not covered by all)
What is NOT covered?
The cyber insurance
does NOT covers the following:
Bodily injury, disease, death or damage to tangible items•
Unauthorized collection of data•
Immoral or obscene services
Future profits lost due to reputational damage•
Losses incurred before the waiting period ends
Who should buy cyber insurance?
From online banking to e-shopping, from social media browsing to transferring money online, almost every piece of our lives is available on the internet. Any individual or business using electronic communication and/or the internet is exposed to malicious activities and threats. In essence, buying cyber insurance is a good risk mitigation plan for everyone!
It can be challenging to figure out how much coverage you need. Also, cyber insurance
policies vary from insurer to insurer.
Contact us @ for expert guidance!
Did You Know?
Your General Liability Insurance doesn’t protect you in the event of a cyber attack.
There is a hacker attack very 39 seconds.
The global average cost of a data breach is $3.9 million across SMBs.